[Adopted 4-5-1977 ATM by Art. 23, approved
8-30-1977]
[Amended 4-10-1995 ATM by Art. 58, approved
5-22-1995]
There shall be a Capital Program Committee consisting
of seven voting members.
A.
Four voting members will be appointed by the Select
Board with terms beginning and ending with the fiscal year, July 1
through June 30. With the exception of the first appointments, each
term will be three years. The first Select Board appointments will
be as follows: Committee members one and two initial appointments
will carry a one-year term; Committee member three initial appointment
will carry a two-year term; and Committee member four initial appointment
will carry a three-year term. After the initial terms, terms will
follow the three-year rotation.
[Amended 6-25-2020 ATM by Art. 70, approved 10-27-2020]
B.
A fifth voting member shall be appointed by the Select
Board; a sixth voting member shall be appointed by the Finance Committee;
the seventh voting member shall be appointed by the Nantucket Planning
and Economic Development Commission. Each of the fifth, sixth and
seventh members must be members of the Board, Commission or Committee
at the time of appointment. Board, Commission or Committee appointments
shall be for one fiscal year and coterminus with the Town's fiscal
year or at cessation of the member's term of appointment, whichever
first occurs.
[Amended 6-25-2020 ATM by Art. 70, approved 10-27-2020]
C.
Members may be reappointed for consecutive terms.
[Amended 4-4-2011 ATM by Art. 66, approved 7-26-2011]
D.
The Capital Program Committee shall have a Chairman,
Vice Chairman and a recording secretary. Each of the preceding members
shall be elected by the Committee, and the elected term shall be for
one fiscal year.
E.
Vacancies occurring shall be filled in the same manner
as the original appointment, for the remainder of the unexpired term.
[Amended 4-10-1995 ATM by Art. 58, approved
5-22-1995; 4-4-2011 ATM by Art. 66, approved 7-26-2011]
The Capital Program Committee shall meet at such times and in such places as it shall determine necessary to investigate and evaluate any proposed public-funded capital expenditure as defined in § 11-12.2. Such investigation and evaluation shall be done at public meetings held after due public notice.
[Amended 4-4-2011 ATM by Art. 66, approved 7-26-2011]
The members of the Capital Program Committee
shall not be paid for their services.
[Amended 4-4-2011 ATM by Art. 66, approved 7-26-2011; 6-25-2020 ATM by Art. 70, approved 10-27-2020]
The Capital Program Committee shall issue a
report or reports on each proposed capital expenditure, which report
may include the findings of the Capital Program Committee concerning
the need for the project, the cost of the proposed project, the ability
of the Town of Nantucket to pay for the proposed project and other
information deemed by the Capital Program Committee to be relevant.
Such reports shall be made to the Select Board and Finance Committee
at least 30 days prior to the date of the Town Meeting called to vote
on any proposed capital expenditure.
[Amended 4-10-1995 ATM by Art. 58, approved
5-22-1995; 4-4-2011 ATM by Art. 66, approved 7-26-2011]
The Town Manager or the Town Manager's designee
shall be an ex officio member of the Capital Program Committee but
shall have no vote in the proceedings of the Committee.
[Amended 11-29-1988 STM by Art. 5, approved
2-7-1989]
No nonrecurring capital expenditure shall be voted on or considered by a Town Meeting until such proposed capital expenditure shall have been evaluated by the Capital Program Committee and until said Committee shall have made a report of its findings as stated herein; provided, however, that for all Town Meetings after March 1, 1982, a report by the Finance Committee shall satisfy all of the requirements of this Chapter 11.
[Added 11-29-1988 STM by Art. 5, approved
2-7-1989]
Notwithstanding the foregoing Chapter 11, the Finance Committee of the Town of Nantucket shall operate as the Capital Program Committee and shall have all rights and duties of such Committee at any time such Capital Program Committee fails or neglects to act. The Finance Committee recommendations on Town Meeting Articles shall be sufficient for fulfilling the reporting requirements of §§ 11-9 and 11-11.
[Added 4-10-1995 ATM by Art. 58, approved
5-22-1995; amended 4-4-2011 ATM by Art. 66, approved 7-26-2011]
The Town shall spend on capital projects a minimum
of 1% of total Town local receipts collected in the prior fiscal year
plus 1% of the total real estate and personal property taxes collected
in the prior fiscal year. If local receipts fall below the 1% minimum,
the Town may forego the funding requirement.
[Added 4-10-1995 ATM by Art. 58, approved
5-22-1995]
A.
A capital expenditure is a nonrecurring expenditure
for land, buildings and/or building improvements having a useful life
equaling or exceeding 10 years or an expenditure for municipal infrastructure
and equipment having a useful life equaling or exceeding five years.
B.
Furthermore, capital expenditures must have aggregate
direct and indirect costs, even if expended in multiple fiscal years,
equaling or exceeding a dollar amount to be hereafter set forth by
the Capital Program Committee. Any change in the dollar amount must
have a two-thirds-majority vote by the Committee. Furthermore, $50,000
is to be established as the initial amount until otherwise set forth
in accordance with this article.
